Financing Part of the Working Capital for Purchasing and Selling Mobile Phones

Tejarat Hamrah Sharif Vala Company was registered on 11/09/1398 under registration number 550965 and national ID 14008806664.  The company's business activities comprise: purchasing and selling, importing and exporting, procuring, producing and distributing all legally permitted commercial goods, including all types of power and hand tools, machinery, hardware and accessories, bags, suitcases, textiles and lighting, including optical, photography and filming equipment; precision instruments; watchmaking; wood, leather, feathers, hair, bags, shoes, hats, umbrellas, fibers, textiles, carpets, clothing and related products; furniture, beds, lamps, signs, toys, sporting goods, their parts and related products; food, beverages, plants and animals; mineral materials and fuels, precious metals, gemstones, chemicals, pharmaceuticals, fertilizers, plastics, rubber and related products; wood, paper, cardboard, cellulosic materials and related products; base metals, tools and related products; machinery, mechanical equipment, electrical and electronic devices and their parts, and all legally permitted commercial goods; importing vehicles and separate machinery and vehicle parts; mobile phones, tablets and their accessories, audiovisual equipment, electrical appliances, smartwatches, computers, laptops and their accessories; after-sales services for all goods; customs clearance of the company's goods; participation in tenders and auctions; partnerships with natural and legal persons; opening credit facilities and LCs with banks; entering into contracts with domestic and foreign departments, companies and institutions; obtaining all types of loans and guarantees from domestic and foreign banks and financial and credit institutions in the company's name; granting and obtaining agency representation for domestic and foreign companies; establishing branches; designing, calculating, supervising and executing all civil engineering, urban planning, architectural and mass construction projects, including steel and concrete structures, light and heavy buildings, road and runway construction, architecture, urban planning and mass housing construction, and purchasing and selling construction materials and construction and road-building machinery; importing live livestock, raw livestock products, animal feed inputs, veterinary medicines and related equipment; purchasing, selling, importing and exporting all agricultural products and all types of fresh and frozen meat, including soybeans, soybean meal, all types of corn, feed corn, all types of barley, feed barley, rapeseed, rapeseed meal, cottonseed, cottonseed meal, sunflower seeds and other oilseeds, crude soybean oil, sunflower meal and other oilseed meals, after obtaining the necessary permits where required. The applicant intends to use the funds raised through financing to purchase and sell mobile phones. According to the applicant's statements, the project's operating cycle is approximately 1 month. Therefore, given the project's implementation period, the product will be purchased and sold over 1 period of 12 months. It should be noted that the operating cycle based on the audited financial statements for the year 1403 is 296 days, but according to the investee's statements, approximately 365 days have been allocated for this project. Therefore, the applicant will be required to maintain the minimum cycle specified in the project. According to the applicant's statements, total costs over 1 operating cycle for purchasing and selling various types of mobile phones are projected to be 250,000 million rials. Project profit (without guaranteed profit) is expected to be paid starting at the end of the third month and every 3 months thereafter; the principal will also be paid at the end of the twelfth month together with the corresponding profit. The principal has been guaranteed by the applicant. The SEPAM number of the guarantee issued by Bank Maskan is 0241204693744968 and it is valid until 1405/11/20 and may be extended at the request of Hesab Yari Amin Melal Company.   Project symbol: Halaltelefon/Halaltfn  
Project symbol: حلالتلفن/Halaltfn